Sudarshan Chemical Industries Limited (SUDARSCHEM) — Corporate Action

· NSE 🔴 High Importance Neutral
📢 Key Event
Allotment of 980,000 equity shares on warrant conversion
🔄 What Changed
Paid-up capital increased by 980,000 shares; promoter stake rose from 8.19% to 9.32%
💡 Investor Takeaway
The promoter's ownership increases slightly after the share allotment.

Sudarshan Chemical Industries announced the allotment of 980,000 equity shares following conversion of warrants issued to promoter Rajesh Balkrishna Rathi on a preferential basis. The warrants were allotted at Rs 1,019.75 each, with 25% paid initially and the remaining 75% remitted recently. The allotment increased the paid-up equity share capital from Rs 15.72 crore to Rs 15.92 crore and raised the promoter's stake from 8.19% to 9.32%.

📄 View Original Announcement (PDF)

About Sudarshan Chemical Industries Limited (SUDARSCHEM)

Chemicals · Chemicals & Petrochemicals · Listed on NSE

Market Cap: ₹6,829.59 Cr P/E: 50.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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